Residential Income - 1036 Saint Louis, Long Beach, CA

$2,345,000

1036 Saint Louis, Long Beach, CA

1036 Saint Louis, Long Beach, CA 90804 - $2,345,000 · Multi-Family Home for Sale, photo 3

1036 Saint Louis, Long Beach, CA 90804 - $2,345,000 · Multi-Family Home for Sale, photo 4

1036 Saint Louis, Long Beach, CA 90804 - $2,345,000 · Multi-Family Home for Sale, photo 5

View in Nalren App Get the App

Description

$50,000 price reduction - now offered at a 6.40% current cap rate. 1036 Saint Louis Ave is a 9-unit Eastside Long Beach apartment property featuring an attractive large-unit mix of (1) 3BD/2BA, (6) 2BD/1BA, and (2) 1BD/1BA units. The asset offers strong in-place income with approximately 13% remaining rental upside and a projected 7.60% pro forma cap rate through continued interior renovations and garage income optimization. The property has benefited from approximately $129,000 in recent capital improvements, including a new 400A main electrical panel, partial main sewer line replacement, SB 721 balcony compliance/repairs, roof repairs, and three completed unit renovations. Additional features include 6 on-site garages, separately metered electric/gas, and landlord-paid water/sewer/trash. No local rent control; statewide AB 1482 applies.

Property details

Year built

1963

Property type

Residential Income

Lot size

6,501 sqft

Location

1036 Saint Louis • Long Beach, CA 90804

More homes for sale and rent in Long Beach, CA →

Listed by

Andrew McAllister · eXp Realty of Greater L.A

Similar Listings

Recent sales near 1036 Saint Louis

801 Dawson: Sold $1,099,000 · 2 bd · 2 ba · 1,330 sqft · Aug 2026 · 0.2 mi
Liberio, James | DRE #01311186
Buyer's agent: Peter Lim, Redfin Corporation | DRE #02123642
1148 Stanley Avenue: Sold $2,275,000 · 16 bd · 16 ba · 6,240 sqft · Jun 2026 · 0.3 mi
The Agency | DRE #01336277
Buyer's agent: Jonathan Swire, The Agency | DRE #01336277
2154 E. 14th St: Sold $645,000 · 2 bd · 1 ba · 720 sqft · Aug 2026 · 0.3 mi
Capital Management Realty, Inc | DRE #01818441
Buyer's agent: Michelle Covington, Compass | DRE #01975177
2324 E 14th: Sold $493,000 · 2 bd · 1 ba · 568 sqft · Sep 2026 · 0.3 mi
Home Huntress Real Estate | DRE #01271456
Buyer's agent: Andres Cruz, EXCELLENCE RE REAL ESTATE | DRE #02172380
1123 Ohio: Sold $1,420,000 · Jun 2026 · 0.4 mi
Buckingham Investments, Inc | DRE #01908153
Buyer's agent: Joyce Qian, Globridge Realty | DRE #01296950
720 Stanley: Sold $990,000 · Jul 2026 · 0.4 mi
College Park Realty | DRE #01736594
Buyer's agent: Richard Daskam, Circle Real Estate | DRE #01091037
1012 Temple Ave: Sold $580,000 · 2 bd · 2 ba · 768 sqft · Aug 2026 · 0.4 mi
T.N.G. Real Estate Consultants | DRE #02059409
Buyer's agent: Igal Bakshandeh, Rodeo Realty- Brentwood | DRE #01313059
2030 E 15th: Sold $300,000 · 2 bd · 1 ba · 762 sqft · Jun 2026 · 0.4 mi
RE/MAX TerraSol | DRE #01111620
Buyer's agent: Zulma Arizmendi, ROA California Inc | DRE #01719383

Closed sales reported in 90804, nearest first, last 12 months. All recent sales in Long Beach →